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Staying Long

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AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY closed up 0.81% yesterday.

Far cry from the 2.84% gain logged by tech mega cap QQQ index.

Squeeze Mom indicator remains supportive for higher SPY.

Support is seen at 313-315 zone.

Europe approved stimulus plan. More wind beneath the wings of markets.

ES futures are up smartly +24.50 handles as of now suggesting a 0.75% higher open for SPY.


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